Regional Banks About To Send Important Message

Large and Regional banks have struggled this year, as both indices have declined nearly 15% in 2018. These declines have taken place as interest rates have been moving higher, which historically is positive for banks.

The declines of late in Regional Bank ETF (KRE) has it testing 7-year rising support as well as the 2007 highs at (1).

The Power of the Pattern is of the opinion, what KRE does at (1), will send an important message to the banking industry and the broad markets.

Keep a close eye on KRE in the weeks ahead friends, this looks to be an important test of support.

Chris Kimble is the founder and CEO of Kimble Charting Solutions. His firm provides research for individual investors, financial professionals, 401k managers and hedge funds around the world. He ...
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Chris Kimble is the founder and CEO of Kimble Charting Solutions. His firm provides research for individual investors, financial professionals, 401k managers and hedge funds around the world. He specializes in pattern analysis in stock indexes, bonds, currencies, commodities and individual stocks, using pictures to highlight the opportunity at hand with a touch of humor. His mission is to help investors enlarge portfolios regardless of market direction.

Chris’ mentor is Sir John Templeton and is an Occam’s razor fan, believing that investors should strive to eliminate unnecessary information in the decision making process.

Chris has 33 years of experience in the financial industry. He spent 25 years as a financial planner, before turning to helping people as a chart technician. He has coined such phrases as the "Power of the Pattern", "Eiffel tower" pattern, and "Emotipoints". Having a business and psychology background he combines the footprint of chart pattern analysis with investor sentiment to find opportunities and solutions for investors.